Grimsås Wind Farm is expected to reach commercial operation in the second half of 2013. The 13 turbines which comprise the project will generate more than 90GWh of green energy into the Swedish grid each year.
Importantly, the capital investment of more than SEK400million will bring wide-ranging benefits to the local economy during construction and operation including employment, revenues from commercial leases and a local support fund (allocated from the project for the duration of its 25-year operating lifetime), said Element Power.
Mike O’Neill, president and COO of Element Power, said: “We are delighted to have received a permit for the Grimsås project within the first year of our joint venture with Kraftö Vind. This is an encouraging demonstration of an effective joint venture which leverages Element Power’s extensive international experience with Kraftö Vind’s professional skills in leading the local development by working closely with Swedish regional administration and the community.”
Element Power and Kraftö Vind said they are now proactively looking to grow the portfolio as the relationship progresses. It is anticipated that Stenberg (75MW), the next project in the portfolio will receive a decision during 2012 from the Västerbotten County Administration Bureau....
Element Power-Krafto Vind JV gets environmental permit for Grimsås Wind Farm
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